Maimonides Medical Center, a nonprofit corporation operating a teaching hospital in Brooklyn, NY, is not entitled to a better interest rate on the refund of over-paid FICA taxes than a for-profit corporation, the Second Circuit Court of Appeals has held. It has affirmed a District Court decision saying that the statutory provision for refund interest applies to for-profit and nonprofit corporations alike. Maimonides overpaid withholding taxes on the wages of hospital residents while the liability for such withholding was uncertain. In 2005, the IRS promulgated a regulation providing that, beginning April 1, 2005, wages of medical residents were not subject to the “student” exclusion...